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Frequently Asked Questions

Volunteer Service Deferment

What is it?
A means of deferring (postponing) payments on your student loans for up to 36 months (three years).

When do I qualify?
You may qualify if you are:

bullet Actively serving in the Peace Corps or in an ACTION program; or
bullet A full-time paid volunteer in a tax-exempt organization.

When is a deferment a good idea?
When you are temporarily struggling to make your student loan payments.

When is a deferment not a good idea? 
When you have the ability to make payments to bring your account up to date, or when you are not sure that you will be able to resume payments soon. During any deferment on an unsubsidized loan, interest continues to accrue, even when you are not required to make payments. As a result, your balance and payment term are likely to increase.

How do I apply?  
Click on the button below to view and print a public service deferment request form.  Please read the form carefully to make sure you qualify, and follow the instructions on the form. Mail your completed form to us at:

Student Loan Counseling Service, Inc.
P.O. Box 1078
Waterloo, IA  50704-1078

To learn more about the Volunteer Service Deferment, click here.

If you do not qualify for the public service deferment, please view any other options on your Results page, or click on the Return to Questionnaire button at the bottom of this page to make another selection.

Student Loan Counseling Service, Inc
(888) 633-4850